JohnB5677
Expert Alumni

Get your taxes done using TurboTax

Yes, the wash sale would affect the basis which may be in field (Z).

  • However, this will not occur until you sell the last batch of stock after 30 days (That means on the 31st day)
  • If it is sold after that date you should see that the basis is adjusted up to account for the previous losses.
  • I suggest you keep track in the event it does not happen.
  • There is an option to change the basis included in the TurboTax software.
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